Liberty Media Formula One Series A (FWONA) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Liberty Media Formula One Series A (NASDAQ:FWONA) have earned an average recommendation of “Buy” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $42.40.

Several research firms recently issued reports on FWONA. Macquarie reissued a “buy” rating and set a $43.00 price target on shares of Liberty Media Formula One Series A in a report on Tuesday, April 16th. B. Riley raised shares of Liberty Media Formula One Series A from a “neutral” rating to a “buy” rating and increased their price target for the stock from $35.00 to $46.00 in a report on Thursday. ValuEngine raised shares of Liberty Media Formula One Series A from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 18th. Pivotal Research restated a “buy” rating and set a $43.00 target price on shares of Liberty Media Formula One Series A in a research report on Friday, March 1st. Finally, Zacks Investment Research upgraded shares of Liberty Media Formula One Series A from a “sell” rating to a “hold” rating in a research report on Friday, February 15th.

NASDAQ FWONA opened at $37.55 on Friday. The stock has a market cap of $8.67 billion, a P/E ratio of -57.77 and a beta of 1.03. Liberty Media Formula One Series A has a 52-week low of $26.63 and a 52-week high of $38.43. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.44 and a quick ratio of 0.33.

Liberty Media Formula One Series A (NASDAQ:FWONA) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by ($0.09). The firm had revenue of $246.00 million for the quarter. Liberty Media Formula One Series A had a negative return on equity of 1.25% and a negative net margin of 14.34%. As a group, sell-side analysts predict that Liberty Media Formula One Series A will post -0.55 EPS for the current fiscal year.

In other Liberty Media Formula One Series A news, insider Richard N. Baer sold 19,988 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $41.51, for a total transaction of $829,701.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

A number of institutional investors and hedge funds have recently modified their holdings of FWONA. Norges Bank acquired a new stake in shares of Liberty Media Formula One Series A in the fourth quarter valued at approximately $21,120,000. FMR LLC grew its position in shares of Liberty Media Formula One Series A by 42.0% in the fourth quarter. FMR LLC now owns 847,389 shares of the company’s stock valued at $25,185,000 after purchasing an additional 250,718 shares during the last quarter. Vanguard Group Inc grew its position in shares of Liberty Media Formula One Series A by 4.5% in the third quarter. Vanguard Group Inc now owns 2,291,988 shares of the company’s stock valued at $81,549,000 after purchasing an additional 98,167 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Liberty Media Formula One Series A by 58.1% in the first quarter. Dimensional Fund Advisors LP now owns 224,103 shares of the company’s stock valued at $7,629,000 after purchasing an additional 82,314 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Liberty Media Formula One Series A by 35.7% in the first quarter. Renaissance Technologies LLC now owns 267,525 shares of the company’s stock valued at $9,107,000 after purchasing an additional 70,400 shares during the last quarter. Institutional investors own 10.31% of the company’s stock.

About Liberty Media Formula One Series A

Formula One Group operates in the motorsports business. It holds commercial rights for the world championship, a motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship. The company is based in Englewood, Colorado.

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Analyst Recommendations for Liberty Media Formula One Series A (NASDAQ:FWONA)

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